FxWirePro: AUD/NZD forms 'Inverted Head & Shoulders' pattern, go long on breakout above neckline at 1.0765

• AUD/NZD forms 'Inverted Head & Shoulders' pattern on daily charts.
   
• The pair has broken major 200-DMA resistance at 1.0710, bias remains higher.
   
• Technicals support upside in the pair, Stochs and RSI are biased higher.
   
• Breakout above neckline at 1.0770 could see gains upto 1.0920. 
   
• On the flipside, rejection at neckline could drag the pair to 1.0590 levels.
   
• Drop in RBA November rate cut bets following the release of the upbeat inflation data boosts Aussie.
   
• Major support levels - 1.0710 (200-DMA), 1.07, 1.0632 (20-DMA)
   
• Major resistance levels - 1.0770 (neckline), 1.08 (May 17 high), 1.0875 (May 5 high), 1.0921 (May 10 high)
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Recommendation: Good to go long on breakout above neckline at 1.0770, SL: 1.0710, TP: 1.08/ 1.0875/1.09